The Chesnara Plc Board has declared a 2023 interim dividend of 8.36p per share (HY 2022 interim dividend of 8.12p), which is a 3% increase compared to HY 2022 and extends the period of uninterrupted interim dividend growth to 19 years.
The interim dividend of 8.36p per share is expected to be paid on 10 November 2023. The ordinary shares will be quoted ex-dividend on the London Stock Exchange as of 28 September 2023. The record date for eligibility for payment will be 29 September 2023.
Other financial highlights include:
Completion of the acquisition of Conservatrix's insurance portfolio in the Netherlands
Acquisition of an individual protection portfolio from Canada Life UK
New UK strategic partnership with SS&C Technologies
Positive Group commercial cash generation of £21.8m
Robust solvency of 205%, materially above 140-160% normal operating range
Increased Economic value ("EcV") of £523.2m (347p per share)
Improved commercial new business growth of £6.3m delivered
IFRS profit before tax of £16.0m, and increase of CSM of £54.2m in the period